It’s an established fact that almost any company is capable of launching a successful major initiative – providing sufficient executive support, the right amount of funding and good talent. But few companies are able to have innovation as a repeatable and economically viable activity, that’s not relying on hero and heroics for success. The ones that are able to do that however, have invested in building robust innovation systems. But only by fully understanding what an innovation system is can one be successfully built.
Measuring innovation is proving to be one of the biggest challenges
facing executives these days. In the absence of an alternative KPI
system for measuring innovation executives revert to using the ‘tired
and tested’ financial indicators. The only problem is that whatever a
mature business can report on is impossible for nascent business to
match; this will ultimately result in new ideas being discontinued.
Innovation accounting is being pragmatic about measuring innovation
without killing it.
Being an entrepreneur or building a product within a larger company is
not that different than being an astronaut. Yes you read it right!
Although the risks are different, by the nature of the work they do both
groups deal with uncertainty and the unexplored. Learning from
astronauts how to deal with the unexpected can help entrepreneurs and
intrapreneurs take better decisions.
Today, more than ever, startup pressure is mounting on corporate portfolios. Independent of industry for almost any corporate product/service offering the clients have an alternative offered by a startup. Having been in business for decades optimizing an existing solution might not keep the company in business in the years to come. Only by fully committing to innovation corporation can hope to stay relevant in ever changing environments where the only certainty is uncertainty.
Contact me if you haven’t found exactly what you were looking for.
I always enjoy sharing stories and experiences, hands on tips and practical advice. Having the privilege of keynoting on some of the world’s most exciting stages is a dream coming true and a great opportunity to connect with new ideas and people.
Bangkok | 2022
Oslo | 2019
Bucharest | 2019
Sydney | 2018
Winner of the 2022 Golden Axiom Business Book Award.
Innovation Accounting is an essential go-to practical guide for anyone that wants to measure their company’s innovation ecosystem performance using more than just financial indicators.
“A great read to uncover why a “one-size-fits-all” approach for measuring your innovation portfolio doesn’t work, and how you can outsize impact by deploying a modern and comprehensive innovation accounting system”.
Alexa Dembek, CTO Dupont
Winner of the 2019 Golden Axiom Business Book Award and the 2018 Management Book Of The Year Award.
The Corporate Startup is a practical guide for established companies that aspire to develop and sustain their innovation capabilities.
‘A key reading for leaders that outlines how to effectively innovate for the future and boost growth, while running the core business.’
Alexander Osterwalder, co-author of ‘Business Model Generation’
Work in progress
As a corporate leader, you know better than most that innovation is a business imperative, and you can’t do it completely in-house due to structural constraints. How to proceed? The answer is open innovation — partnering with outside entities like universities, government agencies, peer firms, and startups. But there are so many limits, mysteries and tradeoffs!
The Open Innovation Works book is designed to demystify the world of open innovation and help you get the most out of your innovation spend — through frameworks, hands-on templates, case studies and the right day-to-day practices.